MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.021%

Price spread now: Reya against Backpack−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.048% cheaper against Backpack than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack MEGA_USDC_PERP	0.04587	0.0100	pay 0.0013% / 1h	56m 57s	$18K	$43K	5x
Short	Reya MEGARUSDPERP	0.04585	0.0159	get 0.0020% / 1h	56m 57s	$3	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ReyabpOrdersPrice spread, now −0.048%Rate

Funding earned: $12.34
Price spread: −0.048% → 0.000%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$8.49
Costs to cover: 0.160%
Break-even: 11.8 days

Slippage unknown: Backpack: no order-book sample; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Backpack and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0432%	1h	0.04490	−2.106%	$5K	$12K	50x	as long as short
Phoenix MEGA	0.0000%	1h	0.04598	+0.240%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04588	+0.022%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0043%	4h	0.04586	−0.022%	$202K	$89K	50x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04590	+0.065%	$198K	$138K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04589	+0.050%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04593	+0.133%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04587	0.000%	$4.1M	$13.4M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04582	−0.109%	$3.6M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04580	−0.153%	$942K	$3.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04588	+0.022%	$201K	$316K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04584	−0.065%	$851K	$358K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04589	+0.044%	$241K	$116K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04585	−0.044%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04579	−0.174%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERPlong	+0.0100%	1h	0.04587	long leg	$18K	$43K	5x
Variational Omni MEGA	+0.0100%	4h	0.04596	+0.190%	$324K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04603	+0.351%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04601	+0.305%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04587	0.000%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04587	0.000%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04600	+0.280%	$136K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04585	−0.035%	$130K	$822K	5x	as long as short
Reya MEGARUSDPERPshort	+0.0159%	1h	0.04585	−0.048%	$3	—	3x
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04587	−0.009%	$3K	—	45x	as long as short
Lighter MEGA	+0.0880%	1h	0.04610	+0.501%	$648K	$324K	3x	as long as short
Hyperliquid MEGA	+0.2112%	1h	0.04602	+0.325%	$7.9M	$2.5M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2191%	1h	0.04599	+0.266%	$111	$15	25x	as long as short